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Although Americans are optimistic, more and more Americans are worrying about retirement.According to a survey conducted by the US Employee Benefits Institute,49%Of salaried workers said they doubted their ability to lead a comfortable life after retirement.28%Of people feel "not sunny" about life after retirement.The survey also reveals that Americans have eight major worries when it comes to retirement and pensions. So what are these worries?
XNUMX. Insufficient retirement savings.In the investigation,66%Of respondents said that they have retirement savings. This is a good sign. After all, they know that they have to save money for their retirement.But what is regrettable is that the money is saved but too little is saved, and it is not enough to continue to live a good life after retirement.
57% of respondents have saved less than 25000 pension fundsUS dollars, just this little money may be spent a year.Have28%Of respondents are even more miserable, and they have not yet accumulated pension funds1000The dollar is just embellishment.
Financial experts from the Capital Financial Group believe that during a lifetime of work, if the monthly income is only used for daily life and cannot accumulate a certain amount of pension money, life will inevitably face difficulties when they retire.
Generally speaking, if you want to keep your standard of living after retirement, you should save ten times your annual income at work.For example, a person’s annual income is50000U.S. dollars, and the pension money accumulated should be500000US dollars.With this amount of personal pension savings plus the social security funds received after retirement, life can be guaranteed after retirement.Financial experts suggest that forAfter retirement, it’s not bad for money. People are working, every month10%-15%Your income should be invested in your retirement account. If you start saving pension money later, the amount invested in your retirement account every month should be larger.
XNUMX. Expend the funds in the retirement account prematurely.Americans like to change jobs. It is nothing more than selling themselves for a good value in the fierce competition in the market.401KRetirement savings plans generally follow people, but when some Americans change jobs, retirement pension money becomes a small treasury for consumption.
According to the survey,26%Of interviewees had previously401KThe investment in the retirement account is either used for consumption or used to repay debts. This is tantamount to spending the funds in the retirement account prematurely, with serious consequences.
U.S. retirement savings accounts are mainly divided into tax deferred and non-tax deferred. Personal Roth retirement savings accounts are non-tax deferred retirement savings accounts. The money invested in the year needs to be taxed, but the advantage is that you do not need to pay fines and pay for early withdrawals. tax.
Provided by the employer401KRetirement accounts and personal regular retirement savings accounts are tax-deferred retirement savings accounts. The advantage of this type of account is that the pension money invested in the year does not have to pay personal income tax, only when59You will not need to pay taxes until you receive it after the age of a half, depending on your income.
For the funds in the advance consumption account, one has to pay personal income tax and the other has to pay a fine.Usually, if you withdraw funds from the ordinary retirement savings account early, there will be10%The fine for premature consumption of pension money in personal savings accounts is a very uneconomical thing.
XNUMX. It is difficult to save more pension money from poor money.One of the major challenges facing Americans in accumulating pension funds is that their income is used to live their lives. It is not easy to save some money from the expenses of food, clothing, housing and transportation for the pension.
Of course, people tend to worry about the life in front of them. As for the old age, the matter is still far away, so if young people can save money for the old age, they need a little strategic vision.
The survey data also shows that Americans suffer from family financial pressure,30%Of people think it is the instability of the job, once the company layoffs, the job of the whole family may be destroyed.and also12%Of Americans think that they are "moonlight people", and people want to become "moonlight people," are they still in the mood for decades to come?Only2%Most Americans regard planning for retirement as family financial pressure. The rest are not without pressure. Those who can save pension money should save everything, and those who can’t save pension money can’t save with a whip.41%The reason why of interviewed wage earners cannot invest more in the retirement savings plan provided by the company is not because they don't want to, but because their monthly income is used in daily life.That is, there is this heart, but not the economic strength.
XNUMX. Too much debt has become an obstacle to saving for pension.Many Americans do not want to save pension money early, but there are many obstacles. In addition to daily expenses, income has to be used to pay off debts.
research has shown,55%Of wage earners are under debt pressure,25% of wage earners say their debt burden is 5Years ago it was even heavier.With the mountain of debts, paying off debts has become an important task, and saving money for the elderly can only step aside.
Americans are now seeing the negative effects of debt burden on family life and pensions, and are also working hard to reduce the habit of debt enjoyment.
XNUMX. It is not clear how much pension money should be saved.When it comes to old-age care, no one can set an indicator of how much money must be saved to make life comfortable in old age.
Although some experts say that you must at least accumulate100Ten thousand dollars is enough, but this is only a theoretical statement, and it is difficult for most people to reach such a level.
in reality,18%Of Americans are aiming to accumulate millions of pension funds,The goal of 21% of people to accumulate pension money is between 250000 and 500000Between dollars,The goal of 29% of people to accumulate pension money is 250000Below USD.
To accumulate ideal pension money, how much income should be used for pension savings plans?20% think 20% to 29% of incomeTo be used for retirement savings,23%Of people think it’s not enough and need30%that's all.
For such a high pension savings rate, most Americans can only sigh with excitement.In fact, a family can10%This is considered to be a high-incense for old-age savings, and it is still possible for families who can live their lives.
XNUMX. Unexpected medical expenses.After a person retires, old-age care is first to solve the problem of food, clothing, housing and transportation. The so-called retirement life is a chic, after eating and drinking enough, you must have the financial strength to do what you like to do or travel around the world.
Traveling around the world is a big expense. If the income after retirement is not very high, this more extravagant living expenses in old age can also be omitted. Traveling around the world can't be done, and walking around in your own yard shouldn't be a problem.
Americans generally do not worry too much about basic expenses such as food, clothing, housing and transportation after retirement. The survey shows that only about16%Of people feel lack of confidence in whether they can have enough money to meet the needs of daily life after retirement.What Americans worry about most about retirement is medical expenses. This is the key.People get sick when they get old, and it is impossible to predict how much medical expenses will cost.
Among Americans29%Of people are worried about whether they will be able to pay for medical expenses after retirement,39% of people have no idea about the cost of care in their later years.Although American wage earners 65After the age of XNUMX, you will enjoy the medical insurance provided by the government, but the deductible is also a burden in some aspects.Findlay Investment Company’s research report shows that the United States65The medical expenses of retired couples for the rest of their lives, in addition to the medical insurance can cover, the average amount that individuals have to pay out of their own pockets227000 to 240000Between dollars, and that’s notIncluding the cost of long-term care.
Therefore, the medical expenses and long-term care expenses after retirement cannot be ignored by the elderly. Expenditure, of course, the solution is to rely on money, people will buy medical insurance and long-term care insurance with a lower deductible, which requires financial planning before retirement.
XNUMX. Unrealistic expectations for retirement expenditures.In most people's minds, living expenses after retirement will definitely be lower than before retirement.
Among the unretired58%Of people think that their expenditure after retirement will be lower than when they work, and among those who have already retired,48%Of people report that their spending after retirement has declined,30%Of retired people said that their expenditures after retirement have not changed from those at work, and21%Of people spend more after retirement than before.
Generally speaking, people's expenditure on basic living needs after retirement will be lower than that at work. The most obvious is that transportation expenses will be greatly reduced.After retirement, people’s houses will be smaller and smaller, and the cars will be bigger and bigger. In the past, they used to drive to get off work by themselves, but they can take the bus after retirement.
After people retire, their consumption habits will also change. Tourism consumption that did not often appear in the past may become a major consumption.Medical and health insurance will be accompanied by the aging of people and may become a larger expenditure for the elderly.
Therefore, simply considering the reduction of expenditures after retirement as thinking about the economic security of life after retirement may be different from the actual situation after retirement, and the extra increase in retirement living expenses will cause a big trouble for the elderly in their later years.
XNUMX. Unexpected early retirement.With the extension of human life span, delaying retirement has also become a way for people to save money for old age.Delaying retirement can give people more time to accumulate pension money, and it will also relieve the headache of poor money.
In 1991, 65% of people over 11 years old in the U.S.People are still working on2013year,The proportion of people over 65 who continue to work has risen to 14%.Of course, continuing to work does not mean that you still have to do full-time work. Part-time job or part-time work can also bring some income.
What bothers Americans is,65It is possible to return to the hometown early before the age of XNUMX, and when the company dismisses employees, the older they are, the easier it is to become the target of layoffs, and the chances of finding a job after being laid off are also low.
Even if people want65You can continue to work after you are old, but your health is also a problem.Among retirees there are nearly50%People say they had to retire because of their lack of strength, and they would have no revolutionary capital if they wanted to continue to serve the people.
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